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| April 8th, 2010 by Cindy in Economy/Budget Federal Reserve Chairman Ben Bernanke said Wednesday that huge U.S. budget deficits threaten the nation’s long-term economic health and should be addressed soon.
Obama administration officials have argued that the economy, while improving, is still too weak to bear all the new taxes and spending cuts that would come with an aggressive deficit-reduction campaign. In remarks to the Dallas Chamber of Commerce Wednesday, Mr. Bernanke agreed, but said merely articulating a plan for reducing the deficit in the long run would help the economy now.
Continue reading article from Wall Street Journal…
How will the Obama administration pay for its new health care reform? Through a Value Added Tax (VAT), which is a fancy way of saying national sales tax, says Conn Carroll, Assistant Director of Strategic Communications for the Heritage Foundation.
A VAT can be (and has been) structured in many different ways. But the real world results are always the same, says Carroll: higher taxes, more government spending, lower growth, fewer jobs and more special interest power.
Continue reading article from NCPA…
| April 8th, 2010 by Cindy in Uncategorized Just hours before President Barack Obama unveiled his Nuclear Posture Review (NPR) on Tuesday, Russian Foreign Minister Sergei Lavrov told reporters in Moscow that the Kremlin maintained the right to withdraw from the new START agreement if the United States pursued its missile defense program. Late last night, the White House responded to Lavrov’s statement, insisting: “The Russian statement does no more than give the United States fair notice that it may decide to pull out of the New START Treaty if Russia believes our missile defense system affects strategic stability. We believe it doesn’t.”
Continue reading article from The Heritage Foundation.
| April 2nd, 2010 by Cindy in Economy/Budget Today the Labor Department’s Bureau of Labor and Statistics released its monthly jobs report showing that the nation’s unemployment is 9.7% for the third month in a row. While the jobs report does indicate that 162,000 net jobs were created in March, almost 50,000 of those jobs were temporary government Census jobs that do not reflect any real economic progress. In total, the U.S. economy has now lost a total of 3.8 million jobs since President Barack Obama signed his $862 billion stimulus plan. We are 8.1 million jobs short of the 138.6 million he promised the American people.
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| April 2nd, 2010 by Cindy in Energy Can the Obama administration’s desperate attempts to cover their true far left nature with centrist rhetoric and promises become any more transparent? Yesterday, the President announced “an expansion of offshore oil and gas exploration” in selected areas off the coasts of the United States. The President claims this announcement was made “in order to sustain economic growth and produce jobs,” but nobody believes him. Just take a quick look at today’s newspaper reporting:
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| April 1st, 2010 by Cindy in Healthcare Reform According to the Congressional Budget Office (CBO), over half of President Barack Obama’s new $940 billion health care entitlement is paid for by price-fixing Medicare cuts. Never mind that the President’s own Centers for Medicare and Medicaid Services says that these cuts would cause “roughly 20 percent” of Medicare providers to go bankrupt in Obamacare’s first ten years. The CBO has to believe these cuts will happen because they are required, by law, to believe everything Congress tells them. The American people are not. So the American people ought to know that instead of cutting doctors’ Medicare reimbursement rates by 21% as required by law on April 1, the Centers for Medicare and Medicaid Services froze payments at current levels until Congress could come back after Easter recess and rescind those cuts. Again. As they have done every year but one since the cuts were first enacted in 1997.
Contine reading article from The Heritage….
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